Justin Levine

Justin Levine News

Steve Schwarzman, chief executive officer and chairman of the Blackstone Group, last night dined on lamb and barley risotto in the West Gallery of the Frick Collection, facing a self-portrait by Rembrandt.

Brian Kim, a former hedge-fund manager accused of running a $6 million Ponzi scheme, was offered six to 18 years in prison by prosecutors in exchange for a guilty plea to grand larceny and related charges.

Billionaire Philip Falcone’s hedge fund, Harbinger Capital Partners LLC, was told it may be sued by federal regulators for securities-law violations and said it plans to halt investor withdrawals at year-end.

Brian Kim, the former hedge-fund manager at Liquid Capital Management LLC accused of fleeing to Hong Kong while awaiting trial on fraud charges, pleaded not guilty to running a $6 million Ponzi scheme.